Campbell Soup Updates 2008 Profit Guidance

June 30, 2008 9:43:54 AM PDT
Camden-based Campbell Soup says its 2008 profit will be at the upper end of the range it had previously expected. That works out to $2.05 to $2.09 per share.

Thomson Financial says analysts expect profit of $2.06 per share for the year.

Campbell's had stabilized, then even spurred growth in sales of its iconic and high-margin condensed soup business over the last several years. But its third-quarter results reported May 19 showed that progress had stopped.